AUD/MXN - 1H - Technical analysis published on 11/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 13.0733 MXN
My targets
13.2707 MXN (+0.1608)
13.4820 MXN (+0.3721)
My analysis
AUD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13.0733 MXN. The next resistance located at 13.2707 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.4820 MXN. After this resistance, buyers could then target 13.5949 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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Additional analysis
Quotes
The AUD/MXN price is 13.1099 MXN. On the day, this instrument gained +1.23% and was between 12.9254 MXN and 13.1124 MXN. This implies that the price is at +1.43% from its lowest and at -0.02% from its highest.12.9254
13.1124
13.1099
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.6586 | 12.7595 | 13.0733 | 13.1099 | 13.5949 | 13.8776 | 14.2727 |
| Change (%) | -3.44% | -2.67% | -0.28% | - | +3.70% | +5.86% | +8.87% |
| Change | -0.4513 | -0.3504 | -0.0366 | - | +0.4850 | +0.7677 | +1.1628 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.7538 | 12.8515 | 12.9014 | 12.9991 | 13.0490 | 13.1467 | 13.1966 |
| Camarilla | 12.9106 | 12.9241 | 12.9377 | 12.9512 | 12.9647 | 12.9783 | 12.9918 |
| Woodie | 12.7298 | 12.8396 | 12.8774 | 12.9872 | 13.0250 | 13.1348 | 13.1726 |
| Fibonacci | 12.8515 | 12.9079 | 12.9428 | 12.9991 | 13.0555 | 13.0904 | 13.1467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0837 | 12.2950 | 12.6772 | 12.8885 | 13.2707 | 13.4820 | 13.8642 |
| Camarilla | 12.8961 | 12.9505 | 13.0049 | 13.0593 | 13.1137 | 13.1681 | 13.2225 |
| Woodie | 12.1691 | 12.3377 | 12.7626 | 12.9312 | 13.3561 | 13.5247 | 13.9496 |
| Fibonacci | 12.2950 | 12.5218 | 12.6618 | 12.8885 | 13.1153 | 13.2553 | 13.4820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6573 | 12.0283 | 12.3629 | 12.7339 | 13.0685 | 13.4395 | 13.7741 |
| Camarilla | 12.5035 | 12.5681 | 12.6328 | 12.6975 | 12.7622 | 12.8269 | 12.8915 |
| Woodie | 11.6391 | 12.0192 | 12.3447 | 12.7248 | 13.0503 | 13.4304 | 13.7559 |
| Fibonacci | 12.0283 | 12.2978 | 12.4644 | 12.7339 | 13.0034 | 13.1700 | 13.4395 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.68 | |
| MACD (12,26,9): | 0.0064 | |
| Directional Movement: | 15.6588 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 13.0033 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.9377 | |
| Elder Ray (13): | 0.0522 | |
| Super Trend (3,10): | 12.9489 | |
| Zig ZAG (10): | 13.0805 | |
| VORTEX (21): | 1.0032 | |
| Stochastique (14,3,5): | 91.08 | |
| TEMA (21): | 12.9998 | |
| Williams %R (14): | -0.19 | |
| Chande Momentum Oscillator (20): | 0.1142 | |
| Repulse (5,40,3): | 0.7601 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0104 | |
| Courbe Coppock: | 0.25 |
| MA7: | 12.8244 | |
| MA20: | 12.7097 | |
| MA50: | 12.9392 | |
| MA100: | 13.4681 | |
| MAexp7: | 13.0220 | |
| MAexp20: | 12.9982 | |
| MAexp50: | 12.9670 | |
| MAexp100: | 12.8834 | |
| Price / MA7: | +2.23% | |
| Price / MA20: | +3.15% | |
| Price / MA50: | +1.32% | |
| Price / MA100: | -2.66% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.10% | |
| Price / MAexp100: | +1.76% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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